Retail - Featured Post

Costco to Return $3.1 Billion To Investors With Special Dividend

Costco Wholesale Corp., the warehouse-club chain that’s largely avoided the retail industry’s distress, plans to return $3.1 billion to shareho...

'Selfie Generation' Boosting £1 Billion UK Cosmetics Market

The UK cosmetics market is now worth almost £1 billion, driven in part by a rise in 'selfie' culture, according to the latest figures from retail ana...

Dansk Supermarked Sees Marginal Revenue Increase In 2016

Denmark's Dansk Supermarked Group, which operates the Netto chain, has posted revenue growth of 0.7% in 2016, recording a total of DKK 57.9 billi...

Russia's Magnit Announces 4.6% Increase In Revenue In First Quarter

Russian retailer Magnit has posted a 4.6% increase in revenue in the first quarter of the year, to RUR 266.98 billion (2016: RUR 255.30 billion). The re...

Marks & Spencer Planning To Close Six Stores, Open 36 New Outlets

UK retailer Marks & Spencer has announced that it is ‘consulting with colleagues and their representatives’ over the closure of six sto...

Diet Drinks May Lead To Dementia And Strokes, Study Suggests

Drinking one or more artificially sweetened drinks a day may increase the risk of stroke or developing dementia, according to new research published in Str...

Denmark’s Netto Appoints Michael Loeve As New International Director

Dansk Supermarket, which operates the Netto banner, has appointed former chief executive of B&Q UK & Ireland, Michael Loeve, as the new dir...

X5 Retail Group Hits 10,000 Store Milestone In Russia

Russian retailer X5 Retail Group has announced the opening of its 10,000th store. The milestone store trades under the Perekrestok banner and is located...